Payment Systems Broadcast #5 - Challenging liquidity management in wholesale cross-border payments

With:

| Jan Schoombee, Fnality

Financial markets face unprecedented challenges. These challenges include fragmented and inefficient post-trade processes, liquidity constraints and complex and costly risk management.

To address these challenges, Fnality is developing a peer-to-peer payment system underpinned by Distributed Ledger Technology to enable quicker and safer exchanges of value.

In session #5 of The Payment Systems Broadcast, Jan Schoombee (Fnality) joined FNA to discuss the success of a project exploring liquidity savings calculations and what this means for banks looking to optimise their balance sheet.

The session covered:

• The role Fnality plays in the cross-border wholesale industry


• The key challenges of cross-border payments


• The advantages FMIs like Fnality offer in terms of cost and efficiencies compared to traditional correspondent banking


• How Fnaility addressed the design and build phases of its cross-border wholesale payments solution


• Whether crypto solutions or stablecoins could become large and liquid enough to manage large payments


• How the wholesale cross-border payment ecosystem is likely to evolve